RE: RE: CPG well"that poster" is not trying to buy any cheap BWD shares. In fact at the current valuation of over $250,000 per flowing boe it is clear that investors like all of YOU are paying up big time for the potential upside in the story should this play break.
My point is that CPG's first well is not a great first show and it will take many wells to figure it out, in other words millions of exploration drilling to see if this play can become economic. Little company's like Bowood, Dee Three and Argosy just happen to be in the right place for the wrong reasons and are enjoying the inflation in land prices as large cap majors come looking for oil. The intent of my post was to inform people that this is a risky play and BWD daily share price will be highly impacted by the results of every single well, unlike CPG.
The small caps obviously have huge upside leverage to success but when things go bad you better be ready to sell quickly to preserve your capital. Even the decision by BWD to press release every step of the drilling process smells like heavy promotion so be careful to all.